Uncertainty regarding breaches of loan agreement covenants and the going-concern assumption
First written in FY2016. 2 of 34 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit ¥10,500 million ¥10,500 million drawn balance ¥9,210 million ¥9,850 million undrawn amount ¥1,290 million ¥650 million」
The ¥10.5 billion commitment line limit remained unchanged, while the drawn balance increased from ¥9.21 billion to ¥9.85 billion and the undrawn facility decreased from ¥1.29 billion to ¥650 million. - FY2026-H1Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit ¥10,500 million ¥10,500 million Drawn balance ¥9,210 million ¥8,510 million Undrawn amount ¥1,290 million ¥1,990 million」
The commitment line limit remained unchanged at ¥10.5 billion, while the drawn balance decreased from ¥9.21 billion to ¥8.51 billion and the undrawn facility increased from ¥1.29 billion to ¥1.99 billion. - FY2025-H1Increase in the commitment line limit, drawn borrowings and undrawn facilityAnnual report
「Total lending limit ¥7,000 million ¥10,500 million Drawn balance ¥6,000 million ¥9,160 million Undrawn amount ¥1,000 million ¥1,340 million」
The total commitment line limit increased from ¥7.0 billion to ¥10.5 billion, the drawn balance increased from ¥6.0 billion to ¥9.16 billion, and the undrawn balance increased from ¥1.0 billion to ¥1.34 billion. - FY2024Increase in the commitment line limit, decrease in drawn borrowings, and emergence of an undrawn facilityAnnual report
「Total lending limit ¥6,300 million ¥7,000 million drawn balance ¥4,800 million ¥6,000 million undrawn amount ¥1,500 million ¥1,000 million」
The commitment line limit increased from ¥6.3 billion to ¥7.0 billion, while the drawn balance was ¥6.0 billion and the undrawn balance was ¥1.0 billion. An undrawn facility emerged from the fully drawn position in the previous quarter. - FY2024-Q3Increase in the commitment line limit and drawn borrowings, and elimination of the undrawn facilityAnnual report
「Total lending limit ¥6,300 million ¥7,000 million Drawn balance ¥4,800 million ¥7,000 million Undrawn amount ¥1,500 million —」
The total commitment line limit increased from ¥6.3 billion to ¥7.0 billion, the drawn balance increased from ¥4.8 billion to ¥7.0 billion, and the undrawn balance decreased from ¥1.5 billion to zero. - FY2024-Q2Increase in the commitment line limit and drawn borrowingsAnnual report
「Total lending limit ¥6,300 million ¥7,000 million Drawn balance ¥4,800 million ¥6,500 million Undrawn amount ¥1,500 million ¥500 million」
The total commitment line limit increased from ¥6.3 billion to ¥7.0 billion, the drawn balance increased from ¥4.8 billion to ¥6.5 billion, and the undrawn balance decreased from ¥1.5 billion to ¥500 million. The disclosure states that the counterparties were 8 relationship banks. - FY2024-Q1Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million drawn balance ¥4,800 million ¥4,300 million undrawn amount ¥1,500 million ¥2,000 million」
For the ¥6.3 billion commitment line, the drawn balance decreased from ¥4.8 billion at the end of the previous consolidated fiscal year to ¥4.3 billion, while the undrawn balance increased from ¥1.5 billion to ¥2.0 billion. - FY2023-Q3Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,800 million ¥3,700 million undrawn amount ¥3,500 million ¥2,600 million」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥2.8 billion at the end of the previous fiscal year to ¥3.7 billion, while the undrawn balance decreased from ¥3.5 billion to ¥2.6 billion. - FY2023-Q2Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,800 million ¥4,200 million undrawn amount ¥3,500 million ¥2,100 million」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥2.8 billion at the end of the previous fiscal year to ¥4.2 billion, while the undrawn balance decreased from ¥3.5 billion to ¥2.1 billion. - FY2023-Q1Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,800 million ¥3,300 million undrawn amount ¥3,500 million ¥3,000 million」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥2.8 billion at the end of the previous fiscal year to ¥3.3 billion, while the undrawn balance decreased from ¥3.5 billion to ¥3.0 billion. - FY2022Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit: ¥6,300 million; drawn balance: ¥2,800 million; undrawn amount: ¥3,500 million」
Against the ¥6.3 billion commitment line, the drawn balance decreased from ¥2.9 billion at the end of the previous fiscal year to ¥2.8 billion, while the undrawn facility increased from ¥3.4 billion to ¥3.5 billion. - FY2022-Q3Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 9 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,900 million ¥3,000 million undrawn amount ¥3,400 million ¥3,300 million」
Against the total lending limit of ¥6.3 billion, the drawn balance increased from ¥2.9 billion at the end of the previous fiscal year to ¥3.0 billion, while the undrawn balance decreased from ¥3.4 billion to ¥3.3 billion. - FY2022-Q2Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,900 million ¥4,500 million undrawn amount ¥3,400 million ¥1,800 million」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥2.9 billion at the end of the previous fiscal year to ¥4.5 billion, while the undrawn balance decreased from ¥3.4 billion to ¥1.8 billion. - FY2022-Q1Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「The undrawn balance under the commitment line is as follows: previous consolidated fiscal year current first-quarter consolidated accounting period total lending limit ¥6,300 million ¥6,300 million drawn balance ¥2,900 million ¥3,400 million undrawn amount ¥3,400 million ¥2,900 million」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥2.9 billion at the end of the previous fiscal year to ¥3.4 billion, while the undrawn balance decreased from ¥3.4 billion to ¥2.9 billion. - FY2021Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit: ¥6,300 million; drawn balance: ¥2,900 million; undrawn amount: ¥3,400 million」
Against the ¥6.3 billion commitment line, the drawn balance decreased from ¥3.0 billion at the end of the previous fiscal year to ¥2.9 billion, while the undrawn balance increased from ¥3.3 billion to ¥3.4 billion. - FY2021-Q3Increase in drawn borrowings and reduction in the undrawn facility from the end of the previous fiscal yearAnnual report
「Previous consolidated fiscal year (31 March Reiwa 2) current third-quarter consolidated accounting period (31 December Reiwa 2) total lending limit ¥6,300 million ¥6,300 million drawn balance ¥3,000 million ¥5,600 million undrawn amount ¥3,300 million ¥700 million」
Against the ¥6.3 billion commitment line, the drawn balance increased from ¥3.0 billion at the end of the previous fiscal year to ¥5.6 billion, while the undrawn balance decreased from ¥3.3 billion to ¥700 million. - FY2021-Q2Increase in drawn borrowings and elimination of the undrawn facilityAnnual report
「The undrawn balance under the commitment line is as follows: previous consolidated fiscal year (31 March Reiwa 2) second-quarter consolidated accounting period (30 September Reiwa 2) total lending limit ¥6,300 million ¥6,300 million drawn balance ¥3,000 million ¥6,300 million undrawn amount ¥3,300 million —」
For the ¥6.3 billion commitment line, the drawn balance increased from ¥3.0 billion at the end of the previous fiscal year to ¥6.3 billion, eliminating the undrawn facility. - FY2021-Q1Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「The undrawn balance under the commitment line is as follows: previous consolidated fiscal year current first-quarter consolidated accounting period total lending limit ¥6,300 million ¥6,300 million drawn balance ¥3,000 million ¥5,000 million undrawn amount ¥3,300 million ¥1,300 million」
Against the total lending limit of ¥6.3 billion, the drawn balance increased from ¥3.0 billion at the end of the previous consolidated fiscal year to ¥5.0 billion, while the undrawn balance decreased from ¥3.3 billion to ¥1.3 billion. - FY2020Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit ¥6,300 million ¥6,300 million Drawn balance ¥3,100 million ¥3,000 million Undrawn amount ¥3,200 million ¥3,300 million」
Against the ¥6.3 billion commitment line, the drawn balance decreased from ¥3.1 billion at the end of the previous fiscal year to ¥3.0 billion, while the undrawn balance increased from ¥3.2 billion to ¥3.3 billion. - FY2020-Q3Increase in short-term borrowings and full drawdown of the commitment lineAnnual report
「Total liabilities were ¥20,969 million, an increase of ¥1,393 million from the end of the previous consolidated fiscal year. The main factors behind the increase were a ¥1,597 million decrease in notes payable, accounts payable for construction and other liabilities and a ¥610 million decrease in income taxes payable, offset by an increase of ¥3,700 million in short-term borrowings, among others.」
Short-term borrowings increased by ¥3.7 billion from the end of the previous consolidated fiscal year. The commitment line also became fully drawn, with a drawn balance of ¥6.3 billion against the total lending limit of ¥6.3 billion, and remained fully utilized. - FY2020-Q2Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「Total lending limit: ¥6,300 million; drawn balance: ¥5,700 million; undrawn amount: ¥600 million」
Against the ¥6.3 billion commitment line, the drawn balance increased from ¥3.1 billion at the end of the previous consolidated fiscal year to ¥5.7 billion, while the undrawn balance decreased from ¥3.2 billion to ¥600 million. - FY2020-Q1Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 11 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥5,300 million; undrawn amount: ¥1,000 million」
Against the ¥6.3 billion commitment line, the drawn balance increased from ¥3.1 billion at the end of the previous consolidated fiscal year to ¥5.3 billion, while the undrawn balance decreased from ¥3.2 billion to ¥1.0 billion. There was no new explanation regarding a breach of contractual provisions or the going concern assumption. - FY2019Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit: ¥6,300 million; drawn balance: ¥3,100 million; undrawn amount: ¥3,200 million」
The drawn balance under the commitment line decreased from ¥3.5 billion at the end of the previous fiscal year to ¥3.1 billion, while the undrawn balance increased from ¥2.8 billion to ¥3.2 billion. - FY2019-Q3Increase in short-term borrowings and continued full drawdown of the commitment lineAnnual report
「Total liabilities were ¥21,188 million, an increase of ¥3,342 million from the end of the previous consolidated fiscal year. The main factors behind the increase were increases of ¥3,000 million in short-term borrowings and ¥381 million in advances received for construction work in progress, among others.」
Short-term borrowings increased by ¥3.0 billion from the end of the previous consolidated fiscal year. The commitment line also remained fully drawn, with a drawn balance of ¥6.3 billion against the total lending limit of ¥6.3 billion. - FY2019-Q2Increase in drawn borrowings and elimination of the undrawn facilityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 9 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥6,300 million; undrawn amount: —」
The commitment line became fully drawn against the total lending limit of ¥6.3 billion, changing from a drawn balance of ¥3.5 billion and an undrawn balance of ¥2.8 billion at the end of the previous consolidated fiscal year. The number of counterparties decreased from 11 relationship banks to 9. - FY2019-Q1Higher Drawn Borrowings and a Smaller Undrawn FacilityAnnual report
「The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥3,500 million; undrawn amount: ¥2,800 million」
The drawn balance under the commitment line increased from ¥3.5 billion at the end of the previous consolidated fiscal year to ¥5.7 billion, while the undrawn balance decreased from ¥2.8 billion to ¥600 million. - FY2018Decrease in drawn balance and expansion of undrawn capacityAnnual report
「Total lending limit: ¥6,300 million; drawn balance: ¥3,500 million; undrawn amount: ¥2,800 million」
Against the total commitment line limit of ¥6.3 billion, the drawn balance was ¥3.5 billion and the undrawn balance was ¥2.8 billion. The drawn balance decreased from the fully drawn position in the previous fiscal year, resulting in an undrawn facility. - FY2018-Q3Decrease in drawn balance and expansion of undrawn capacityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 11 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥4,600 million; undrawn amount: ¥1,700 million」
Against the total lending limit of ¥6.3 billion, the drawn balance was ¥4.6 billion and the undrawn balance was ¥1.7 billion, compared with a drawn balance of ¥5.8 billion and an undrawn balance of ¥500 million in the previous quarter. - FY2018-Q2Decrease in drawn borrowings and emergence of an undrawn facilityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 11 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥5,800 million; undrawn amount: ¥500 million」
Against the total commitment line limit of ¥6.3 billion, the drawn balance was ¥5.8 billion and the undrawn balance was ¥500 million. The figures changed from the fully drawn position at the end of the previous consolidated fiscal year. - FY2018-Q1RestatedAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 11 relationship banks. The undrawn balance under the commitment line is as follows: total lending limit: ¥6,300 million; drawn balance: ¥6,300 million; undrawn amount: —」
The commitment line with 11 banks continued to be reported as fully drawn, with the total lending limit of ¥6.3 billion fully utilized. - FY2017Disclosure of the full drawdown of the borrowing facilityAnnual report
「To procure working capital efficiently, the Company has entered into a syndicated commitment line agreement with 11 relationship banks. Total lending limit: ¥6,300 million; drawn balance: ¥6,300 million; undrawn amount: —」
Although no explicit disclosure of a breach of contractual provisions or the going concern assumption was found, the commitment line had been fully drawn, and the Company's dependence on borrowings and financial institutions was presented in numerical terms. - FY2017-Q2WorsenedAnnual report
「Of the financing provided by the financial institutions, a portion, consisting of short-term borrowings of ¥5,543.5 million, was in breach of the representations and warranties and covenants due to inappropriate accounting treatment and transactions in prior years. However, the financial institutions have stated that they will continue to provide financing without applying provisions relating to the loss of the benefit of time.」
Short-term borrowings in breach of the contractual provisions increased to ¥5,543.5 million, from ¥4,908.8 million reported for the previous quarter. At the same time, the financial institutions' statement that financing would continue without applying provisions relating to the loss of the benefit of time remained unchanged. - FY2017-Q1WorsenedAnnual report
「Of the financing provided by the financial institutions, a portion, consisting of short-term borrowings of ¥4,908.8 million, was in breach of the representations and warranties and covenants due to inappropriate accounting treatment and transactions in prior years. However, the financial institutions have stated that they will continue to provide financing without applying provisions relating to the loss of the benefit of time.」
The amount of short-term borrowings in breach of the contractual provisions increased from ¥3,435.1 million reported for the previous fiscal year to ¥4,908.8 million. At the same time, the financial institutions' statement that financing would continue without applying provisions relating to the loss of the benefit of time was also disclosed. - FY2016First statedAnnual report
「In addition, under the borrowing agreements entered into by the Group with multiple financial institutions, the Group was in breach of the representations and warranties and covenants due to inappropriate accounting treatment and transactions, giving rise to significant doubt about the going concern assumption. However, the financial institutions have stated that they will continue to support the Group by continuing to provide financing, and the uncertainty regarding the going concern assumption has been resolved.」
The breach of the contractual provisions relating to short-term borrowings of ¥3,435.1 million was disclosed in the notes, but the uncertainty regarding the going concern assumption was stated to have been resolved through the financial institutions' continued support for financing.